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As the war in Iraq continued and the cost of the war soared to $5 billion a month,
Commercial Paper
An unsecured, short-term debt instrument issued by corporations, typically used for financing immediate needs.
Payment
The transfer of money, goods, or services as compensation or fulfillment of an obligation.
Demand Instrument
A type of draft that allows the payee to demand payment at any time from a holder.
Payee
The individual or entity to whom a payment is to be made or who will receive the payment.
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